Whoever taught you that I would go to them and do what they did as this setup for an ownership structure in my opinion is far to complex and your CPA is going to be scratching there head at end of year with all the tax stuff they will have to do and how you have to keep bank accounts for each entity and move money form one to the other to the other....

Without a financial education - it's hard for him to discern which.What he should NOT do is to buy toys or spend it on fun because it'll quickly be gone.If he was financially savvy or versed in real estate - he could even buy a small apartment complex and self manage it if he had some property management skills.Advice should be catered to him specifically though, blanket advice isn't that helpful.

On large complexes you can look up their website and see if they have a leasing map that identifies address/unit.

Personally I am looking to grow in RE and buy a 2nd home in LA/SD and eventually buy a multifamily complex.

Legal Compliance: Navigating landlord-tenant laws can be complex.

Best to weigh the complexity of their portfolio and legal protections.

If you have trouble managing 1 tenant that renews once a year changing tenants every 30 days will add a lot of complexity to it for you

It's hard to really understand a market without living down there - and being a foreigner adds a whole new level of complexity. 

Separate LLC per Property: Maximizes liability protection but adds complexity and costs with individual tax filings.3.

Stessa’s reports are great, but lacking support for more complex loan structures—like your portfolio loan—can make tracking a nightmare.